Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda Sells 1,000 Shares

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the transaction, the chief financial officer now owns 64,555 shares in the company, valued at approximately $5,340,635.15. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dan Jedda also recently made the following trade(s):

• On Tuesday, November 19th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00.
• On Tuesday, October 15th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $76.25, for a total value of $76,250.00.

Roku Stock Performance

ROKU opened at $83.39 on Wednesday. The business’s 50-day simple moving average is $75.14 and its 200 day simple moving average is $67.22. The firm has a market capitalization of $12.11 billion, a PE ratio of -69.49 and a beta of 2.06. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned ($2.33) earnings per share. On average, research analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Macquarie reiterated an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Rosenblatt Securities raised their price objective on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a report on Thursday, September 12th. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.81.

Institutional Investors Weigh In On Roku

Several hedge funds have recently bought and sold shares of the company. Raelipskie Partnership acquired a new stake in shares of Roku in the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Roku during the third quarter worth $43,000. GS Investments Inc. increased its holdings in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new position in shares of Roku in the second quarter valued at about $48,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.